{"id":605640,"date":"2026-09-04T12:42:10","date_gmt":"2026-09-04T12:42:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/605640\/"},"modified":"2026-09-04T12:42:10","modified_gmt":"2026-09-04T12:42:10","slug":"bitcoin-heads-for-third-winning-week-in-a-row-as-macro-pressures-mount","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/605640\/","title":{"rendered":"Bitcoin heads for third winning week in a row as macro pressures mount"},"content":{"rendered":"

Bitcoin<\/a> headed for its third straight winning week, as traders searched for refuge amid volatile moves in equities, currencies and bond markets. <\/p>\n

The token is also up 4.6% week to date and hit a high of $82,272.31 overnight. That marks its highest level since May 11, when bitcoin peaked at $82,499.99. It last traded at $81,151.10.<\/p>\n

Bitcoin had been in the doldrums for much of this year, trading roughly within the range of $60,000 to $70,000 since early June. However, the digital asset broke above $70,000 in late August, and it has continued to climb since then as the so-called debasement trade \u2014 a strategy in which traders move away from dollars into assets such as crypto or gold \u2014 regained momentum. <\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

Bitcoin 5-day chart<\/p>\n

“The price breakout came towards the [end of August] with the re-emergence of the debasement trade re-igniting investor interest in BTC – the U.S. Treasury announced it would increase purchases of longer-dated Treasuries, long yields fell, the dollar weakened, and BTC and gold moved higher,” Dominika Nestarcova, Goldman Sachs executive director of digital assets, said in a note Thursday. <\/p>\n

Other cryptocurrencies are also rising. Ether<\/a> hit a high of $2,545.62 on Friday, or its most elevated level since August 27. Solana<\/a> jumped to as much as about $105.70, marking its highest price since August 31.<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin headed for its third straight winning week, as traders searched for refuge amid volatile moves in equities,…\n","protected":false},"author":2,"featured_media":605641,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[260442,1678,941,114,357,9506,85,942,46,190,88649,1760,196],"class_list":["post-605640","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-gc26z","tag-bitcoin-usd-coin-metrics","tag-breaking-news-markets","tag-business","tag-business-news","tag-ethereum-usd-coin-metrics","tag-il","tag-investment-strategy","tag-israel","tag-markets","tag-solana-usd-coin-metrics","tag-stock-markets","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/605640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=605640"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/605640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/605641"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=605640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=605640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=605640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}